Brean Murray Carret & Co. Maintains a 'Buy' on Dell (DELL); Remaining On Path Despite Challenging Environment
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Price: $13.45 -0.22%
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
9 Buy, 21 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade DELL Now!
Brean Murray Carret & Co. maintains a 'Buy' on Dell (NASDAQ: DELL) price target of $16.00.
Analyst, Ananda Baruah, said, "We continue to view Dell as an undervalued asset, while also acknowledging near-term catalysts are tough to identify in a softening PC environment (although it could already be in the numbers). While Dell fully acknowledges that the current demand environment has softened (particularly PC's), we also don't believe their expectations have changed much since the May 22nd earnings call."
Baruah said that Dell had expected current hard drives pricing to be acting a certain way, and sees Seagate (NYSE: STX)(Buy) benefiting as the have LTA's signed with Dell.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $12.28 yesterday, with a 52 week range of $11.68-$18.36.
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Analyst, Ananda Baruah, said, "We continue to view Dell as an undervalued asset, while also acknowledging near-term catalysts are tough to identify in a softening PC environment (although it could already be in the numbers). While Dell fully acknowledges that the current demand environment has softened (particularly PC's), we also don't believe their expectations have changed much since the May 22nd earnings call."
Baruah said that Dell had expected current hard drives pricing to be acting a certain way, and sees Seagate (NYSE: STX)(Buy) benefiting as the have LTA's signed with Dell.
For an analyst ratings summary and ratings history on Dell click here. For more ratings news on Dell click here.
Shares of Dell closed at $12.28 yesterday, with a 52 week range of $11.68-$18.36.
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